BTC price action is displaying renewed energy as the market consolidates higher — can bulls manage a return to price discovery?
This week, the landscape is different — at least so far. A CME gap to the upside has become one to the downside, and investor anticipation of a fresh attack on the highs to come is climbing, not falling. Cointelegraph takes a closer look at these issues and more in the weekly rundown of near-term BTC price catalysts.While this is in fact $1,200 lower than the last, it canceled out the majority of recent losses, which saw BTC/USD reach
Fellow trader JT outlined a range of oscillators, including the Relative Strength Index , all calling for a trend reversal, with “overbought” signals present on two-week timeframes. “What do you think market participants are going to do tomorrow night when ETF flows turn positive again?” Quinn Thompson, head of capital markets and growth at crypto lender Maple Finance,
“After two hot inflation reports this month, all eyes are on the PCE inflation report,” trading resource The Kobeissi Letter thus
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